Origin Bancorp, Inc. (NASDAQ:OBK) Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC lifted its stake in shares of Origin Bancorp, Inc. (NASDAQ:OBK) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 141,202 shares of the company’s stock after purchasing an additional 3,057 shares during the quarter. Great Lakes Advisors LLC owned about 0.45% of Origin Bancorp worth $4,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Royce & Associates LP increased its position in Origin Bancorp by 7.3% in the 3rd quarter. Royce & Associates LP now owns 961,892 shares of the company’s stock valued at $30,934,000 after acquiring an additional 65,844 shares during the period. State Street Corp increased its position in Origin Bancorp by 2.0% in the 3rd quarter. State Street Corp now owns 844,151 shares of the company’s stock valued at $27,148,000 after acquiring an additional 16,309 shares during the period. Geode Capital Management LLC increased its position in Origin Bancorp by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 673,189 shares of the company’s stock valued at $21,654,000 after acquiring an additional 9,435 shares during the period. Tributary Capital Management LLC increased its position in Origin Bancorp by 31.8% in the 4th quarter. Tributary Capital Management LLC now owns 456,480 shares of the company’s stock valued at $15,196,000 after acquiring an additional 110,056 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Origin Bancorp by 156.7% in the 4th quarter. Bank of New York Mellon Corp now owns 319,919 shares of the company’s stock valued at $10,650,000 after acquiring an additional 195,293 shares during the period. 54.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on OBK shares. Piper Sandler raised their target price on Origin Bancorp from $35.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. DA Davidson raised their target price on Origin Bancorp from $41.00 to $44.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $45.00 target price (up from $42.00) on shares of Origin Bancorp in a research report on Wednesday, January 29th. Stephens reaffirmed an “overweight” rating and set a $42.00 price target on shares of Origin Bancorp in a research note on Thursday, January 23rd. Finally, Raymond James reaffirmed a “strong-buy” rating and set a $44.00 price target (up from $40.00) on shares of Origin Bancorp in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $43.40.

Origin Bancorp Stock Performance

Shares of NASDAQ OBK opened at $35.85 on Friday. The stock has a fifty day moving average price of $37.20 and a two-hundred day moving average price of $34.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $1.12 billion, a P/E ratio of 14.57 and a beta of 0.96. Origin Bancorp, Inc. has a 1 year low of $27.69 and a 1 year high of $41.17.

Origin Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date was Friday, February 14th. Origin Bancorp’s dividend payout ratio is presently 24.39%.

About Origin Bancorp

Origin Bancorp, Inc operates as a bank holding company for Origin Bank that provides banking and financial services to small and medium-sized businesses, municipalities, and retail clients in Texas, Louisiana, and Mississippi. It offers noninterest and interest-bearing checking accounts, savings deposits, money market accounts, and time deposits; and offers commercial real estate, construction and land development, consumer, residential real estate, commercial and industrial, mortgage warehouse, and residential mortgage loans.